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California lawmakers claim TikTok purchased $300 million in TRUMP coin, which TikTok has officially denied.
According to Mars Finance, on June 20, the official TikTok Policy account denied claims about its owner purchasing TRUMP coin on X in response to accusations from California Democratic Congressman Brad Sherman (Brad Sherman). Sherman had previously claimed that “the Chinese owner of TikTok has announced a $300 million purchase of TRUMP coin.”